An Australian blockchain-based peer-to-peer electricity trading startup is on the receiving end of criticism for rewarding bounty hunters who used unscrupulous means to drive interest in its crypto token. According to the Financial Review, Power Ledger has been criticized for allocating free tokens to bounty hunters who made exaggerated or false claims regarding the startup with a view of...
Australia’s coastal city of Fremantle has kicked off a trial that will allow some residents to trade solar power on a blockchain-based platform provided by renewable energy-focused crypto startup Power Ledger. According to the Minister for Finance, Energy and Aboriginal Affairs in the government of Western Australia, Ben Wyatt, around 40 households in Fremantle will participate in the trial that...
News today sees notable blockchain project Power Ledger launching its peer-to-peer trading product for renewable energy. Power Ledger will launch with American PowerNet at their home base in Pennsylvania. Power Ledger Power Ledger is a blockchain-based solution for renewable and cost-effective energy. (Power Ledger also has their own cryptocurrency - POWR token.) According to their website, Power...
Power Ledger, whose mission is to deliver peer-to-peer electricity to people through the blockchain, has been knocking it out of the park this year in terms of global recognition. The Australia-based company has thrust the blockchain into the spotlight, scoring a recent win in Sir Richard Branson's Extreme Tech Challenge (XTC) on Necker Island. In addition, the company unveiled a new regulated...
Power Ledger, a blockchain startup based in Australia, won business magnate Sir Richard Branson's Extreme Tech Challenge (XTC) 2018, as reported by Australian news channel Nine News. The challenge, whose previous finalists include Doctor on Demand and Vantage Robotics, aims to provide entrepreneurs with the right tools to help them build their tech products. Power Ledger received endorsements...
Blockchain-enabled independent power producers in Thailand pose such a threat to the state-run power generator and distributor that they will be required to pay extra in order to cushion the state utility from the disruption. According to Viraphol Jirapraditkul, a member of Thailand’s Energy Regulatory Commission (ERC), new regulations are currently being drafted which will see the blockchain...
Australian solar startup Power Ledger, the developer of a peer-to-peer (P2P) energy marketplace on a blockchain, has commenced a trial in Bangkok enabling residents to buy and sell solar electricity. In a first-of-its-kind trial in Asia, residents and habitants of Bangkok’s T77 precinct are participating in an ‘across the meter’ energy trial that allows users’ to trade their excess electricity –...
Australian solar startup Power Ledger believes that blockchain technology can spur the energy industry to greater efficiency, reducing both distributor waste and consumer costs. Since completing its AUD $34 million initial coin offering (ICO), the company has participated in several high-profile blockchain trials, including one funded by the Australian government. Power Ledger was co-founded by...